Brevan Howard Capital Management LP Makes New $28.65 Million Investment in Fiserv, Inc. $FISV

Brevan Howard Capital Management LP bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, Holdings Channel reports. The institutional investor bought 166,154 shares of the business services provider’s stock, valued at approximately $28,647,000.

Other institutional investors have also made changes to their positions in the company. E Fund Management Co. Ltd. increased its stake in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after buying an additional 55 shares during the period. SageView Advisory Group LLC grew its holdings in shares of Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 62 shares in the last quarter. 17 Capital Partners LLC raised its holdings in shares of Fiserv by 0.9% during the first quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock worth $1,659,000 after acquiring an additional 70 shares in the last quarter. Abacus Wealth Partners LLC boosted its position in Fiserv by 1.6% during the second quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 72 shares during the last quarter. Finally, ICW Investment Advisors LLC grew its stake in Fiserv by 0.7% in the first quarter. ICW Investment Advisors LLC now owns 10,648 shares of the business services provider’s stock valued at $2,351,000 after purchasing an additional 77 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 34,900 shares of company stock valued at $2,211,971. Insiders own 1.00% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $68.75 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average price of $84.45 and a 200 day moving average price of $126.57. The company has a market cap of $37.37 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.62 and a beta of 0.80. Fiserv, Inc. has a twelve month low of $59.56 and a twelve month high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FISV has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price target on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Argus reissued a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Finally, Susquehanna reiterated a “positive” rating and issued a $99.00 price objective (down from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $121.08.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.